We haven't heard from Xiaomi in the long run about the future electric car. It is important to remember that this is something that the company itself confirmed last year. Well, some pretty important data has just been released and it shows the way they want to compete with manufacturers like Tesla.

One of the things they have stated is that they plan to showcase the prototype of their first electric car worldwide. As far as the evolution and development of the vehicle is concerned, this makes it clear that things are going in the right direction. So the latest release dates are closer than expected. In fact, Lei Jun, one of Xiaomi's first founders, said that in the third quarter of 2022, everyone will be able to find out about this product.
In addition, the manager said that the development has been "very advanced", which allows us to be very optimistic about the fact that this company's electric car will go on sale much earlier than expected. The truth is that things are going well, the sub-brands that are responsible for developing this range of products - Xiaomi Automobile Co. with a share capital of $ 1.57 billion - which will have a fairly significant production capacity: 300,000 per year. it is planned to place the vehicle on the market.

More details on the Xiaomi car

In an interview with Lei Jun, other important things have been learned about the arrival of the first electric car from this Asian company, and it seems that it has no end to its product catalog. On the one hand, it has been reported that the first car will be a sedan type or SUV model (it is not ruled out that both will be presented at the same time to get a surprise from competitors). In this way, we are talking about cars that will compete with the best-selling cars on the market today.

On the other hand, and perhaps more importantly, the director himself has announced the price range for the car ... and in fact, some may be disappointed, as they can expect a wider offer. The simplest model with less equipment would cost around $ 16,000 (the most expensive model would be $ 47,000). Therefore, it is located in an interesting position, but not breakthrough considering what to pay for this type of vehicle.

We’ll see if all of the above is fulfilled, but what seems pretty clear is that the prototype of Xiaomi’s first electric car will be available soon. And so this market can start to shake, just as it once did with the mobile phone market.

On the right track

As mentioned, the first electric car from the tech giant Xiaomi is expected for this 2022, but so far no known brands have surpassed Apple and intended to hit the market a year earlier. Now, brand representatives and Chinese authorities have announced that Xiaomi will build a factory in China to debut in the electric vehicle industry with a capacity to produce 300,000 cars a year.

Reuters also stated that both the Xiaomi plant and its headquarters will be located in the Beijing E-Town district (Beijing), a business area promoted by the Chinese administration, which includes several economic and technological development companies.

A solid plan goes fast

Gone are the rumors that he was collaborating with the Great Wall. Xiaomi’s plans are moving forward at a good pace and alone, and more and more details are being known about how its debut as an electric car manufacturer will be.

The construction of Xiaomi Automotive’s first plant will be completed in two phases, and if the company’s plans are met, the plant could reach mass production in 2024; According to Lei Jun brand executive chairman, already advanced. But this is only the first step in Xiaomi's plan, which will invest more than $ 10 billion in the electric vehicle division over the next 10 years.

In the first phase, the factory is expected to be able to manufacture 150,000 vehicles a year, and the complex will already have an R&D center and a sales center. With the completion of the second phase, the manufacturer plans to sell 900,000 electric cars in the first three years of production.

Considering how the cars will look, Xiaomi has already announced that they will carry the technology they have developed. And although no specific details are known yet, it is clear that the Chinese brand will complete an initial range of four vehicles that are 100% electric. True to its philosophy in other areas of the company, Xiaomi intends to offer electric cars at a reduced price to reach a target of 12,500 euros.

In addition, Lei Jun also assured that his first model would be a sedan or SUV, but although he states that the first to arrive will be a sedan, he has not said anything about it at the moment. The brand has already announced earlier this year that its car subsidiary will have an initial workforce of 300 employees and a capital of € 1.3 billion.

Meanwhile, the company has been opening a number of smartphone stores in China for months to boost its sales growth, not only to generate revenue, but also to use these stores as another channel to sell electric vehicles in the future.